Should I buy or rent my Boca Raton FL home?
Posted by Gloria Singer on
The latest rent ratios
were released by Moody’s and can be seen in this New York Times article, giving
support to the argument that in South Florida at least it is looking
like it is more worthwhile to buy than to rent in today’s market of
depressed home prices.
The rent ratio is the purchase price of the property divided by the annual cost of renting that property. The premise is that if the ratio is more than 20 (as in New York City for example), it is a better economic decision to rent. When the ratio is less than 15, the advantage tilts to owning. Between 15 and 20 is up in the air, but of course these ratios do not take into consideration potential price appreciation.
Because of the low prices and amazing
opportunities in the Boca…
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This spacious 2/3 bedroom condo of 2,124 sq ft. with incredible views in Boca Pointe just sold for $212,500. This prime Boca Raton real estate
was originally listed with Gloria at $250,000 in July. The price was
reduced to $225,000 in August, and an offer was accepted in November.
Gloria sold this home after less than 4 months on the market. Boca
Pointe offers a beautiful lifestyle with optional country club
membership in a great central Boca location. With only 2 apartments per
floor, and a glass enclosed wrap around terrace with expansive North
and East vistas, this 2 bedroom, convertible den with 2.5 baths and a
huge eat-in kitchen with laundry room, sold at an unbelievable price.
The buyer of this charming Boynton Beach real estate
2 bedroom, 2 bath home of 1,292 square feet in Boynton Lakes got a
fabulous deal. Gloria listed this home as a short sale to sell in August
and an offer was accepted at the asking price of $115,000 after just 2
weeks! This adorable home is located on a quiet street on a cul-de-sac.
The 2 screened-in patios allow for 2 beautiful outdoor living spaces,
one just off the kitchen and living room and the other just off the
master bedroom. The 2 car garage, updated eat-in kitchen with pantry,
bahama shutters, plenty of storage space and great location near the
community pool, and clubhouse made this home that was priced right sell
quickly! The sellers bought this house in May 2006 for $254,000. As…
In
one of Boca Raton’s most desirable seaside neighborhoods, Spanish River
Land, this lovely home on a 100 X 150 lot with a split bedroom plan and
private screened pool and patio area was just sold by Gloria for
$700,000. The Canadian buyer contacted Gloria through her website over a
year ago and requested that she send him listings as he was interested
in purchasing a second home in Boca Raton and wanted to take advantage
of the great prices. He was thrilled when Gloria found him this 3
bedroom beauty of 2,405 sqaure feet in Spanish River Land just 3 blocks
away from the beach in one of the best areas in East Boca. The home was
originally built in 1960 and is located in a highly desirable historic
area. It was…
